First Class Assignments

T507 Federal Tax Policy
For the first class on Monday, January 12, 2009, you should read Slemrod and Bakija (“Taxing Ourselves”), pp. 1-54; 55-95; 97-156; and 157-188. (If you have recently taken a course in basic income tax you may omit reading pp. 1-54.

T510 Estate and Gift Taxation
Topic: Background information; Structure of Estate, Gift and Generation Skipping Taxes.
Readings: Code §§ 2001, 2010, 2501, 2502, 2505, 2601, 2602, 2611, 2641, 2210, 2664.
Text pages 1.01-1.06, 2.01, 8.10, 9.01, 9.03, 12.01-12.02.
Study Problem: SM Study Problem A, p. 146

T511 Taxation of Partners and Partnerships
Unit 1. - Choice of Entity
The Tax Definition of “Partnership”
Partnership Formation

T516 International Taxation II
Bittker & Lokken Study Problems, Unit VII.A, Unit VII.B (Skip 5 and 6),
and Unit VII.C (Nos. 1 and 2)

T518 Taxation of S Corporations
We will start Problem Set 1 and should finish question 2. With the exception of the Overview Comparison of C corporations, S corporations, partnerships and LLCs which is in your materials as a source of reference, do all of the assigned readings and problems relating to questions 1 and 2 of Problem Set 1.

T521 Compensation & Benefits I
Will provide 1st class assignment separately

T530 Corporate Reorganizations and Acquisitions
For our first class session you should read Chapter 8 (pp. 358-421) of the text (taxable acquisitions). I understand you may have covered some of the material in the corporate taxation course, but it is a helpful introduction to our study of tax-free acquisitions.

T532 Income Taxation of Trusts and Estates
Read pages 3-26, and pages 477-494 of the textbook.
Our textbook is Federal Income Taxation of Trusts and Estates (3rd Edition), by Mark L. Ascher
and Robert T. Danforth.

T542 Advanced State and Local Taxation
Discuss attributional nexus, economic nexus, and the inter-play with P.L. 86-272.